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NEWS UPDATES Asean Affairs     March 6, 2017  






Bac Ninh gives nod to $100 million project

Vietnam: The northern province of Bac Ninh on Thursday gave the go-ahead to a US$100 million project by South Korean firm Hanwha Techwin Security Company.

The provincial People’s Committee granted an investment certificate to the firm, which specialises in manufacturing electronic circuits, semiconductors, chips, computers and cameras. The unit will be built on a six-hectare plot in Qu? V? Industrial Park.

Bui Hoang Mai, head of B?c Ninh’s Management Board of Industrial Parks, said that in the 2015-20 period, the province was prioritising the electric, electronic and mechanical manufacturing sectors. He expressed hope that the new project would generate more jobs for locals and contribute to the region’s socio-economic development.

Nguyen Tu Quynh, the committee’s chairman, reiterated that the province would create optimal conditions for investors.

Yang Jinseol, a representative of the company, promised that the factory would be built quickly and would start operations as scheduled.

In the first two months of this year, Bac Ninh has attracted $2.7 billion in foreign direct investment (FDI). On February 24, it granted an investment licence to Samsung Display Vi?t Nam Co. Ltd.’s $2.5 billion expansion project.

As of this February, industrial parks in Bac Ninh have attracted 1,086 projects with a registered capital of $15.87 billion, of which 659 are FDI projects worth $14.13 billion. These projects created jobs for around 230,000 workers and contributed VN?7 trillion ($306.7 million) to the State budget in 2016.




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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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